Question: Current Attempt in Progress Cheyenne Corp. reported net sales $ 760,000, cost of goods sold $ 425,600, operating expenses $ 194,000, and net income $

Current Attempt in Progress Cheyenne Corp. reported net sales $ 760,000, cost of goods sold $ 425,600, operating expenses $ 194,000, and net income $ 82,080. Calculate the profit margin and gross profit rate. (Round Profit margin answer to 2 decimal places, e.g. 10.20%. Round Gross profit rate answer to 0 decimal place, e.g. 10%.) Profit margin % Gross profit rate % e Textbook and Media Save for Later Attempts: 0 of 3 used Submit

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